OilEx Oil Trading Marketplace | Hunter Technology

A smart platform for physical oil transactions

OilEx is a digital marketplace connecting independent oil producers with global buyers. It provides a complete digital workflow for physical crude oil trade: from deal discovery to negotiation, contracts and settlement.

Latest Updates

Launching Hunter Marketplace Solutions

October 25, 2021

Deal Actions: powerful negotiation and settlement module

June 24, 2021

Partnering with RootAnt – leader in supply chain finance powered by blockchain

May 10, 2021

Discover opportunities efficiently

Interactive Map visualizing supply and demand dynamics

Smart Deal Matching and recommendation engine

Request for Quote to aggregate multiple small offers into single trade tickets

Close trades quickly

Encrypted Deal Negotiation including private chat

Document Vault for file exchange and secure storage

Digital Smart Contracts to increase efficiency and reduce closing time

Execute transactions securely

Payments integration and delivery confirmations

Reputation Rating of market participants to facilitate trust

Transaction Audit Trail on blockchain with protected commercial privacy

Find out more

For producers

Sell crude oil on OilEx in an open and fair marketplace to existing and new buyers. Market your product faster, discover better prices and vastly reduce manual transaction overhead.

For buyers

Rely on verified profiles and ratings of sellers on OilEx to find the right partners. Fill offtake needs quickly and efficiently by requesting market quotes and aggregating smaller producers in one ticket.

For traders

Uncover strategic trading opportunities with a visual market overview on interactive maps. OilEx enables electronic trading of physical oil: find professional counterparties, negotiate digitally, close deals fast.

Deal Actions

Connect, negotiate terms, and proceed to close a deal in one singular view

OilEx sees an efficient digital process as one that is controlled by you, not the system. Deal Actions enrich your conversation with suggested steps or checkpoints along the deal: asking, informing and reviewing what's happening and what's happened.

deal view combines the flexibility of a chat, a dashboard, and a custom set of actions enabling successful trades.

Accept proposed price

Accepted

WTI -$1.0

Confirm price to Jim. Proceed to finilizing the deal.

Price accepted at 14:06 on Monday, 26th of Apr.

Structured. An action represents a possible step in negotiation and settlement, providing structure for a deal.

Certain. Latest status of actions are displayed for all parties and changes are immediately reflected.

Sign the deal

Signed

Confirm you have a copy of all signed documents. Removes listing from the marketplace.

The deal mutually signed at 16:30 on Wednesday, 28th of Apr.

Mark as delivered

Delivered

Notify Jim that your product arrived, and wait for Jim’s confirmation.

Confirmed by Jim at 17:50 on Saturday, 1st of May.

Contextual. Actions understand the context and responsibilities of the trading parties.

Flexible. Actions adapt to the type of product, deal terms and available financing.

Request early payment

Payment advanced

Request early payment from the supply chain finance provider.

Early invoice payment approved by supply chain finance provider.

Confirm payment

Closed

Confirm you have received payment.

Final payment received at 11:43 on Monday, 17th of May.

Accountable. All actions recorded and stored securely in deal ledger.

Flexible and Extendable

Each deal is different. Deal Actions are built to adapt, evolve and grow based on new commodity types, scenarios, geographies and business practices.

Learn more in the update article.

Change gathering point

Save up to $0.13 a barrel

Use recommended gathering point to reduce delivery costs.

Nominate the ship

Charles Eddie, Panama

Ready at 8:00 on Tuesday, 21st of Aug 2021.

Loading in progress

Loaded to 83%

Loading expect to finish by Monday, 26th of Apr.

Blending commenced

Wascana Pipeline

Blending to finish at 11:00
on Monday, 21th of Dec.

Upload documents

Send a document for preview, request a signature, or return a signed copy.

Origin certified

Arabian Light, Pure

Provenance audit at 14:06
on Friday, 25th of Aug.

Authorise payment

3.8M will be paid. The deal will be marked as finished after confirmation.

Approve blending

Aggregation matched. Approve blending to increase transaction yield by 2.3%.

Tanker loaded

Charles Eddie, Panama

Loading finished at 15:00
on Thursday, 28th of Apr.

Offset CO2

59kg / barrel

1.16 MT will be offset making this transaction CO2 neutral.

Accept documents

Confirm the requested documents review and progress to sign the deal.

Sign smart contract

Use your private key to verify the smart digital contract.

Continuous Innovation

Supply Chain Finance

In a historic time of change for the industry, alternative and innovative forms of financing will support the operational expenditure and investment needs for hydrocarbon producers and purchasers. Together with international fintech firms and financial institutions, we are piloting streamlined trade and supply chain financing for crude oil producers and traders.

Sustainability

We are entering a period of energy transition and the rising importance of scope-3 emissions tracking for organizations across their complete product value chain. There is an opportunity in responsible production and better transparency. We work with our partners to develop effective rating systems for the environmental impact of oil production such as carbon footprints.